Bitcoin Marks Its Best Week Since May: Crypto Weekly Report

View this email in your browser Crypto Market Update Market Cap: $249 B BTC Dominance: 67.4%  BTC: $9,339  ETH: $185  XRP: $0.302 It appears that China is waking up. The country's President, Xi Jingping urged for further adoption of blockchain technology and this might have been one of the reasons for Bitcoin's surge from $7,350 to $10,350. The events made last week the best one for Bitcoin since May. However, it's not the first time that statements from China affect market volatility. The increase was a fundamental reaction which left most of the technical analysts surprised. It also saw a lot of short positions liquidated, especially those which were counting on a correction to $6,000. Now, the market is pulling back and trying to figure out whether the trend is strong enough to keep going up or if it's just a bull trap. The timing of China's news came as the market had entered into fairly bearish conditions after the price lost the support around $8,000. However, last week we also pointed out that Bitcoin's sentiment usually changes in a moment. Thus, just before the end of the year, the market recalculates and marks a successful 2019 in terms of price. However, the regulatory framework is still not good enough as the existing infrastructure fails to enable Bitcoin's integration in the traditional economy. Full Market Report & Analysis 3 Reasons For Bitcoin's Rally Bitcoin skyrocketed to $10,350 this week following a lot of events. Here are three potential reasons which may have triggered it. Read more. China Urged Blockchain Adoption The President of China, Xi Jinping, urged for further adoption of blockchain-based technologies. This happened after Facebook's CEO warned that the US would fall behind. Read more. We Are On Telegram Get daily crypto updates and be the first to know on crypto news and price analysis. Join now This week chart analysis of: BTC ETH XRP BTT & NEO Copyright © 2019 CryptoPotato, All rights reserved. You're receiving this email because you opted in at our website's newsletter. Want to change how you receive these emails? unsubscribe Facebook Twitter Website

Weekly Crypto Market Update: The Calm Before The Bitcoin Storm?

View this email in your browser Crypto Market Update Market Cap: $223 B BTC Dominance: 66.4%  BTC: $8,240  ETH: $173  XRP: $0.296 Bitcoin continues to lose ground and in the meantime, the price is holding up in the range that it dropped to at the end of September when we saw the last sharp correction. It didn't scare the market away and money continued to flow towards altcoins which are starting to see a change in the trend. The altcoin market shows positive signs but it is still impossible to say that we can expect an altcoin season anytime soon.  This week, the 18 millionth bitcoin was mined and the halving is already around the corner. It will be interesting to see how miners will behave as mining, in general, will become less profitable and they will have to rely increasingly on transaction fees on the network.  The cryptocurrency market sentiment is changing from one moment to another. As the price goes down, media is getting flooded with Bitcoin obituaries, while as the price climbs up, everyone becomes bullish again. This is another hallmark of a young market and technology which is at the beginning of its path, surrounded by uncertainty. The market is, however, clearly maturing but there is still a long way to go before any kind of mainstream adoption.  Full Market Report & Analysis Exclusive Interview With John McAfee John McAfee shared his thoughts on his $1 million BTC prediction and his new decentralized exchange, among other things. Read more.  The 18 Millionth Bitcoin Was Mined This week, the 18 millionth bitcoin was mined. With the halving just around the corner, it's interesting to see if the market reacts. Read more. We Are On Telegram Get daily crypto updates and be the first to know on crypto news and price analysis. Join now This week chart analysis of: BTC ETH XRP XMR & BEAM Copyright © 2019 CryptoPotato, All rights reserved. You're receiving this email because you opted in at our website's newsletter. Want to change how you receive these emails? unsubscribe Facebook Twitter Website